Characteristics of Basel Principles and Standards in Banking
Authors: Branimir Kalaš, Nada Milenković, Jelena Andrašić, Miloš Pjanić
Number of views: 9
International banking devotes considerable attention to the minimum supervisory standards, which banks have meet in order to get and therefore retains the license to do business. Today, banking organizations have to ensure three fundamental principles like security, stability and profit. Security and stability in banks is relevant, because only in this way they can gain the customer trust and confidence. The subject of this paper is importance and implementation of Basel standards in banking. First, it's presented history of Basel Committee on Banking Supervision and basic principles for effective banking. Second, authors reflect three main Basel standards like Basel I, Basel II and Basel III and determine difference between them by using equations and tables.